615 7th StSheldonIA51201
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Sheldon at 615 7th St, Sheldon, IA, 51201 offers a 2.95% rental yield on a $329,000 purchase with $810/mo rent. 31% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 24.98% and total cumulative return in cash at $27,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $810/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51201, Sheldon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,830 (100%) |
| Owner Occupied HU | 1,698 (60.0%) |
| Renter Occupied HU | 828 (29.3%) |
| Vacant Housing Units | 304 (10.7%) |
| Median Home Value | $192,725 |
| Average Home Value | $227,967 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,509
Multi-Family
361
Businesses
307
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Listed by: Gene E Bomgaars • Northwest Realty
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #824052
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.